Mercer and Marsh, divisions of Marsh McLennan, unveil the findings of their US People Risk 2024 Report, providing critical insights into the challenges faced by organizations regarding leadership, rewards decision making, and cybersecurity awareness. Explore key findings and strategies to mitigate people risks.
Addressing Ineffective Leadership
The report identifies ineffective leadership as the primary people risk, with concerns about dependencies on key individuals, inadequate succession planning, and negative organizational culture. Proactive measures are essential to cultivate effective leadership and foster a supportive work environment.
Challenges in Rewards Decision Making
Improper rewards decision making ranks high among HR professionals’ concerns, with a focus on long-term cost impact and employee well-being. Organizations must adopt holistic approaches to benefits management, considering both financial implications and employee satisfaction.
Growing concerns about cybersecurity awareness and over-reliance on AI highlight the importance of employee education and risk mitigation strategies. Collaborative efforts between risk and HR teams are crucial in promoting cybersecurity resilience and mitigating potential cyber-attacks.
Promoting Collaboration for Risk Mitigation
The report underscores the significance of collaboration between risk and HR professionals in effectively managing people risks. Organizations that foster strong partnerships between these teams demonstrate higher levels of risk management effectiveness and resilience.
Access the full US People Risk 2024 Report to gain comprehensive insights into the evolving landscape of people risks and strategies for proactive risk management. Visit the provided link to download the report and explore actionable recommendations for organizational resilience.
Learn about the methodology and scope of the People Risk 2024 Report, based on a survey of over 4,500 risk and HR professionals across 26 countries. Gain an understanding of the identified people risks and how organizations can collaborate to mitigate these risks effectively.
